Since you will need a local real estate professional to write your bid, ask them this question. They will know the "best" mortgage given the condition of the home, it's ability to appraise, and your financial tolerance for repairs if necessary.

Answering your question - yes, you can use a conventional loan.... more

It depends on a number of factors, such as condition and price. Homes that are priced well tend to go much faster than those that are not. It is not uncommon to see something priced well that goes in a few days, but it is also not uncommon to see something overpriced sitting for months. Hope that helps!... more

Hi Abigail
As an independent contractor you will be considered self employed
If you have been there for at least two+ years and can show that income on your two prior years tax returns, it should be no no problem

However, if your tax returns shows a quite lower earning amount because of deductions that could present a problem and is an issue many self employed run into

Your net income on your tax returns is what will be used to qualify you for a home loan
Being self employed is OK as long as your income reported supports the amount of financing

I would suggest getting pre-qualified with a knowledgeable lender so you know what home loan amount you will qualify for

Just let that person know that you are a self employed independant contractor and have your tax returns ready

I have had a lot of success for clients looking to hold for a short period of time. I would be happy to help you find something. My contact information is on my profile along with reviews from past clients. Best of luck to you!... more